CCH Software News - July 15th Filing Deadline

  • Article Type:
  • Documentation
  • Last Modified:
  • 03/24/2020

Objectives

We are monitoring federal and state legislation, as well as administrative procedures implemented by state and federal tax agencies in response to the Coronavirus outbreak.
Program reactions, including defaulting to a 7/15/2020 due date, will be available on our 4/26/2020 release.


We will provide updates as information is received. With the announcement that the federal filing deadline will be July 15, 2020, you may change the references in the letters and filing instructions as noted below. States are announcing their plans separately, with several unique responses. Options are available for altering those returns at the state level based on each state's plan.


Individual
  • Return – Federal, state, and city filing deadline overrides are available on General > Letters & Filing Instructions > General Letter (Interview Form 16, Boxes 50-52). To change the date for all taxing authorities, enter 7/15/20 in Payments/Penalties/Estimates > Penalties > Federal Late Payment Penalty and Interest > Date filed if not by due date (Interview Form T-3, Box 34).  
  • Estimates – References in the letters and filing instructions may be altered in General > Letters and Filing Instructions > Specific Form Due Date (Interview Form 16, Boxes 59 and 60).
Corporation
  • Return – Federal, state, and city filing deadline overrides are available on General > Letters & Filing Instructions > Miscellaneous Options and Overrides > Due Date Overrides (Interview Form 9A, Boxes 82-84). To change the date for all taxing authorities, enter 7/15/20 in Payments/Penalties > Penalties > Federal Late Payment Penalty and Interest > Date filed if after due date (Interview Form 1, Box 57).
  • Estimates – Enter the date of any affected estimate payment on Payments/Penalties > Estimated And Application of Overpayment > Estimate Overrides (Interview Form T-9, boxes 80 and 83).
Fiduciary
  • Return – Federal and state filing deadline overrides are available on General > Letters & Filing Instructions > General Letter Information (Interview Form 12, Boxes 50 and 51). To change the date for all taxing authorities, enter 7/15/20 in Payments/Penalties/Estimates > Penalties > Federal Late Payment Penalty and Interest > Date filed if not by due date (Interview Form T-5, Box 33).
  • Estimates – References in the letters and filing instructions may be altered using Word. Improved functionality will be available on a future release.
Currently, there is no information available that Partnership, S Corporations and Exempt Organizations are extended. If legislation were passed, entries below will allow you to change filing due dates.

S Corporation
  • Return – Federal, state, and city filing deadline overrides are available on General > Letters & Filing Instructions > Miscellaneous Options and Overrides > Due Date Overrides (Interview Form 9A, Boxes 82-84). To change the date for all taxing authorities, enter 7/15/20 in Payments/Penalties > Penalties > Federal Late Payment Penalty and Interest > Date filed if after due date (Interview Form 1, Box 58).
  • Estimates – Enter the date of any affected estimate payment on Payments/Penalties > Estimated And Application of Overpayment > Estimate Overrides (Interview Form T-9, boxes 80 and 83).
Partnership
  • Return – Federal, state, and city filing deadline overrides are available on General > Letters & Filing Instructions > Miscellaneous Options and Overrides > Due Date Overrides (Interview Form 9A, Boxes 82-84). To change the date for all taxing authorities, enter 7/15/20 in General > Basic Data > Date return to be filed if after due date (Interview Form 1, Box 99).
Exempt Organizations
  • Return – Federal filing deadline overrides are available on General > Letters and Filing Instructions > General Letter Information > Federal Filing Deadline Overrides (Interview Form 6A, Box 40, 41 and 42). To change the date for all taxing authorities, enter 7/15/20 in Payments/Penalties/Estimates > Penalties > Late Payment Penalty and Interest for 990-PF/990-T > Date filed if not by due date (Interview Form X-5, Box 101/Form X-3, Box 91).
  • Estimates – References in the letters and filing instructions may be altered in Payments/Penalties/Estimates > Payments > Estimated Tax Overrides > Code FD1 (990-PF) Code FD2 (990-T) (Interview Form X-8, Boxes 80 and 83).
Changes to electronic filing specifications have not been announced. However, returns will file correctly without further intervention. Direct debit cannot be used for delayed payments due to IRS business rules. Payment vouchers should be used to delay payment to July 15, 2020. Further information will be provided when it becomes available.

Note: Returns that have already been transmitted to the IRS cannot be revised. Payments set for April 15 withdrawal will be withdrawn on April 15. Intervention with the IRS is the only current recourse.

Program reactions on our April 26, 2020, release will be announced at a later date.

Environment

COVID-19

Details

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Additional Information

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